Sure.
Take your typical rock band. Loud and amplified. I think you'd struggle to find a fingerpicker who could play lead solos at high speed for a sustained period of time, where it would be advantageous versus using a pick. Nor do I think the clarity would shine through. Same with a bluegrass acoustic fingerpicker. My opinion (which is only opinion, remember) is that a PICK enables a guitarist to consistently play LOUDER and CLEARER when other instruments are competing for sound.
Having said all that, I probably have more overall respect for a talented fingerstyle player than a single pick guitarist. I just think he's going to shine a little better if his music is softer and more subtle.
Generally speaking, of course.
